Federal Trade Commission

GoodRx shared consumers’ personal health info with Facebook, Google, FTC alleges

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GoodRx shared consumers’ personal health info with Facebook, Google, FTC alleges

Digital health service GoodRx repeatedly shared sensitive customer information with Facebook, Google and other advertising platforms without its users’ knowledge or consent, the Federal Trade Commission alleged on Wednesday. In doing so, GoodRx allowed those services to tap into sensitive health details about those consumers, according to the complaint. In one case, GoodRx allegedly designed campaigns based … Read more

Senator calls for investigation into egg price gouging

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Senator calls for investigation into egg price gouging

Sen. Jack Reed (D-R.I.) is calling on the Federal Trade Commission (FTC) to investigate soaring egg prices. Egg prices have more than doubled since last year, from $1.79 in December 2021 to $4.25 in December 2022, according to the Bureau of Labor Statistics. In a letter on Tuesday, Reed called on the FTC to investigate … Read more

Musk’s Twitter may have already violated its latest FTC consent order

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Musk’s Twitter may have already violated its latest FTC consent order

CNN  —  Just two weeks into Elon Musk’s ownership of Twitter, the company may have already violated its consent agreement with the Federal Trade Commission, legal experts said. If proven, a violation could ultimately lead to significant personal liability for Musk, escalating the risks he faces as he stumbles through a morass of business and … Read more

Vonage to pay customers $100 million for not letting them quit

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Vonage to pay customers 0 million for not letting them quit

Vonage will pay $100 million to settle claims it trapped customers in unwanted accounts by forcing people to call to cancel, keeping them on hold for hours and charging hundreds of dollars to end service, government regulators said Thursday. The New Jersey-based company, which provides internet-based phone services, made it easy for customers to sign … Read more

FTC Investigating Amazon Deal to Buy One Medical Network of Health Clinics

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FTC Investigating Amazon Deal to Buy One Medical Network of Health Clinics

WASHINGTON—The Federal Trade Commission is investigating Amazon.com Inc.’s AMZN -0.24% $3.9 billion deal to buy 1Life Healthcare Inc., ONEM 0.35% which operates One Medical primary care clinics in 25 U.S. markets. 1Life, which went public in 2020, disclosed the investigation in a securities filing. The disclosure says One Medical and Amazon AMZN -0.24% each received … Read more

Illumina Wins Case Against FTC on Grail Acquisition

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Illumina Wins Case Against FTC on Grail Acquisition

Illumina said the judge rejected the FTC’s position that the deal would hurt competition in the market for multicancer early-detection tests. “As we’ve stated from the outset, this transaction is procompetitive, will advance innovation, lower healthcare costs and save lives,” said Charles Dadswell, general counsel of Illumina. The decision, which the FTC staff can appeal, … Read more

Amazon Says FTC Is Harassing Jeff Bezos, Top Executives in Prime Probe

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Amazon Says FTC Is Harassing Jeff Bezos, Top Executives in Prime Probe

WASHINGTON— Amazon.com Inc. AMZN 1.30% is accusing the Federal Trade Commission of making excessive and unreasonable demands on founder Jeff Bezos and company executives as the agency probes Amazon’s Prime membership program. In a petition to the FTC filed earlier this month and recently made public, Amazon says the agency’s demands on the company have … Read more

Robinhood Crypto Fined $30 Million by New York Regulator

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Robinhood Crypto Fined Million by New York Regulator

Photo: Oliver Douliery (Getty Images) Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million. In a filing Tuesday, the New York State Department of Financial … Read more

Facebook Tries Buying App, Gets Sued For Over VR Monopoly

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Facebook Tries Buying App, Gets Sued For Over VR Monopoly

Image: Within It’s been a very bad year so far for Meta, the company formerly known as Facebook, in ways extremely unique to being one of the biggest tech companies in the world. Despite still making almost $7 billion in profit in recent months, TikTok is eating its lunch, the stock price is in shambles, … Read more

FTC sues Walmart for scammers’ use of money transfer unit

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FTC sues Walmart for scammers’ use of money transfer unit

NEW YORK — The Federal Trade Commission said Tuesday that it has sued Walmart for allegedly allowing its money transfer services to be used by scam artists who stole “hundreds of millions of dollars” from customers. In its lawsuit, the agency alleged that for years, Walmart failed to properly secure the money transfer services offered … Read more